OroraTech, a startup using artificial intelligence to combat wildfires, has raised $19 million in a Series B funding round. The company’s pitch deck highlights its AI-powered early wildfire detection system, which can identify smoke plumes and alert authorities within minutes. OroraTech’s technology combines satellite imagery, weather data, and machine learning models to pinpoint potential fire locations and predict fire behavior. The funding will be used to expand the company’s global reach and enhance its AI capabilities. Key investors in this round include Crosslink Capital, Morpheus Ventures, and Lockheed Martin Ventures. OroraTech aims to provide a critical tool for mitigating the increasing threat of wildfires exacerbated by climate change.
Source: https://www.businessinsider.com/pitch-deck-ororatech-funding-series-b-ai-wildfires-2024-10